A Government You Can't Trust

Submitted by kvaughn on Wed, 04/14/2010 - 06:15

It is sad when our treasury secretary contradicts himself in a single statement:

We cannot build a system that depends on the wisdom and judgment of future regulators. Even the smartest individuals armed with the sharpest tools will not be able to find every weakness and preempt every crisis. Instead, the best strategy for stability is to force the financial system to operate with clear rules that set unambiguous limits on leverage and risk.

How Dumb Does the Media Think We Are?

Submitted by kvaughn on Sat, 03/27/2010 - 01:11

This article has to be one of the most extreme examples of poor reporting that I have seen in a long time. In short, what we know of the facts is that a South Korean ship was near the North Korean border, when it felt threatened by an unidentified object. It then "fired a warning shot at" the object. We are told that:

the object was later suspected to have been a flock of birds

We are also told:

China Hiding It's Investment

Submitted by kvaughn on Fri, 02/26/2010 - 18:05

WIth all of the concern about China selling government bonds and causing the dollar to collapse, this story caught my eye.

China, a top owner of US government debt, appears to be secretly buying bonds via third locations to hide its importance as a major creditor to Washington, experts told a congressional forum.

Frank Wolf Promotes More Spending

Submitted by kvaughn on Fri, 02/26/2010 - 17:47

First Rep. Frank Wolf (VA-10) bailed on the commission to cut deficit spending. Now, he is proposing to spend even more money on going to the moon. Perhaps Mr. Wolf has not realized that the country is broke. Roughly one-half of this year's federal spending will be done through borrowed money. Greece is demonstrating to us what happens when countries do not control their spending. We must stop this spending NOW!

Tyranny Moves Forward

Submitted by kvaughn on Fri, 02/26/2010 - 15:42

While everyone is focused on healthcare, the Obama administration is in the process of stealing more of our freedom - this time our freedom to contract. The Obama administration is now trying to ban all foreclosures until they are vetted by the government's Home Affordable Modification Program.

One Step Closer to Collapse

Submitted by kvaughn on Tue, 02/16/2010 - 17:19

The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion... [All] foreign holdings of U.S. Treasury securities fell by $53 billion in December, surpassing the previous record of a $44.5 billion drop in April 2009.